Coronavirus: Banks' relief efforts not enough
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English - May 04, 2020 19:26 - 3 minutes - 3.5 MBNews Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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High street banks are taking flak for not doing enough to support those Kiwis who are struggling financially during the Covid-19 lockdown. Critics say efforts trumpeted loudly as "customer care", such as mortgage deferrals, aren't actually helping. The amount of money that banks funnel to charity is also being described as a bare minimum but the financial institutions say profits are hurting right now and they're doing what they can. Emma Hatton reports.